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Tag Archives: Russ Roberts
“Losses encourage prudence”
George Mason economist and EconTalk podcast host Russ Roberts has said: Capitalism is a profit and loss system. Profits encourage risk-taking. Losses encourage prudence. It follows, then, that if you remove losses, you wind up with risk-taking and less prudence. … Continue reading
Posted in Capitalism, Experimentation, Taxes
Tagged Capitalism, Russ Roberts, Wall Street Journal
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Thanks to Breitbart
Andrew Breitbart died yesterday at age 43. I’m no apologist for the guy. He was a conservative provocateur. He seemed to make a good living stirring up the leftist provocateur hornets nest using pretty much the same tactics they use. … Continue reading
Your wealth does not creat my poverty, part two
In the most recent EcontTalk podcast, host Russ Roberts interviews Steve Kaplan of the University of Chicago about income inequality. I recommend it. Early in the podcast, Roberts quips: Recessions are bad for the rich. If you care about inequality … Continue reading
Posted in Economics
Tagged Economic inequality, income inequality, Podcast, Russ Roberts, Steve Kaplan, University of Chicago
2 Comments
“My wealth does not create your poverty.”
In Russ Roberts’ take on Occupy Wall Street he points us to P.J. O’Rourke characterization of wealth: But as the writer P.J. O’Rourke has said, wealth is not a pizza. If we’re sharing a pie, and you get a bigger piece, that … Continue reading
Posted in Bad Economy, Capitalism, Government, Liberty, Markets
Tagged Cafe Hayek, Occupy Wall Street, P. J. O'Rourke, Russ Roberts, Wealth
3 Comments
I was the 301st person to watch this on Youtube
Here’s the second round of the Keynes vs. Hayek. Enjoy. I donated $50 to this project. And here’s Round 1 in case you missed it. Thanks to Russ Roberts and John Papola for their excellent efforts, great lyrics and high … Continue reading
Posted in Debate, Economics, Emergent Order, Global Warming, Myths
Tagged Economics, Hayek, John Pappola, Keynes, Russ Roberts
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Follow-up questions for “The Price of Everything”
I recommended reading Russ Roberts’ book The Price of Everything here. Today, Russ Roberts posted a set of study questions used by Steven Horwitz in his class. I’m keeping a set handy to spur a discussion for those who I … Continue reading
One reason why GDP is not a good measure for the health of the economy
In this post at Cafe Hayek, Russ Roberts doesn’t understand the logic Larry Summers displays in the second half of this quote (source) regarding the aftermath of the Japanese earthquake: “If you look, this is clearly going to add complexity … Continue reading
The Great Stagnation
In this highly recommended episode of the EconTalk podast, Russ Roberts and Tyler Cowen discuss Cowen’s new $4 ebook, The Great Stagnation. The premise of Cowen’s ebook is that the growth and progress experienced by the average family from around … Continue reading
Posted in Critical Thinking
Tagged Economic growth, EconTalk, Russ Roberts, The Great Stagnation, Tyler Cowen
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Capitalism without losses is not capitalism
Economist Russ Roberts put forth the idea that the financial crisis was caused, in part, by moral hazard resulting from a history of taxpayer financed bank bailouts and the implicit taxpayer guarantees on mortgages that were manifested in Fannie Mae … Continue reading
Effective Visual
In this EconTalk podcast with Arnold Kling, Kling channels Bill Cosby to explain what he thinks is wrong with the idea of stimulating the economy with government spending: The notion that by undertaking some aggregate spending policy you are going … Continue reading
Posted in Economics, Government, Specialization
Tagged Arnold Kling, EconTalk, Russ Roberts
1 Comment
